Alpha-fetoprotein (AFP) Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

Alpha-fetoprotein (AFP) Testing Market size in 2019 is estimated to be $5,195million, growing

at a CAGR of 5% during the forecast period 2022-2028.

Alpha-fetoprotein (AFP) is a glycoprotein synthesized by the yolk sac and liver of the fetus during pregnancy. Since the discovery of this tumor-associated fetal protein in the mid-1960s, AFP has been widely used in clinical practice. Abnormal increases in plasma AFP levels in adults are considered hallmarks of pathological conditions, including HCC, yolk tumor, and gastric cancer. The AFP test is commercially available worldwide and is used to test a variety of cancer-related tests. Cancer is recognized as the second leading cause of death worldwide. The increasing number of cancer cases is a key driver of the market. According to the WHO, about 18 million people suffer from cancer. Technological advances in the testing sector, rising disposable incomes and rapidly advancing R&D activities are also driving the market growth. Product launches, mergers and acquisitions, and joint ventures are some of the key strategies adopted by major players in the AFP testing market. These initiatives are expected to drive demand for the AFP testing market during the forecast period. The upcoming new tests in the disease diagnostics market are driving the market.

Market Segments

By Type:

• Liver Cancer
• Testes Cancer
• Ovarian Cancer
• Biliary Tract Cancer
• Stomach Cancer
• Pancreatic Cancer
• Others

By Application:

• Hospitals and Clinics
• Others

Key Players

• Abbott Laboratories
• Becton Dickinson
• Biomedical Diagnostics
• Bio-Rad Laboratories
• Beckman Coulter
• Roche Diagnostics
• Kreatech Diagnostics
• Mackay Life Sciences
• Siemens Healthcare
• Panacea Pharmaceuticals

Scope of the Report

The research study analyzes the global Alpha-fetoprotein (AFP) industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Alpha-fetoprotein (AFP) Market Report

1. What was the Alpha-fetoprotein (AFP) Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Alpha-fetoprotein (AFP) Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Alpha-fetoprotein (AFP) Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.